Ethereum Price Tries to Break Through Resistance

The Ethereum price continues to fluctuate at its latest intraday levels, attempting to gain bullish momentum and breach the solid resistance at $2,500.

This is supported by its continued trading above EMA50, providing a dynamic support base that reinforces the dominance of the main bullish trend on the short-term basis.

Additionally, positive signals from the relative strength indicators have emerged after reaching oversold levels, reinforcing the chances of a recovery and breaching this resistance.